By default each player has a single inventory and wealth pool. Character Ownerships let a player track separate wealth and inventory per character — handy when someone plays more than one character, or runs a Controlled NPC. You reach this from the "Manage Ownerships" button in the Your Characters panel of the Player Dashboard.
8.1 Creating an Ownership
On the Manage Ownerships screen, each of your characters is listed with a "Create an Ownership for this Character" button. Creating one gives that character its own inventory and wealth (and resources), tracked separately from your main pool. If a character is later reassigned to another player, its ownership — inventory and wealth — moves with it to that player. You can also rename your main player inventory here with the "Rename" field.
Controlled NPCs (NPCs a player manages) appear in this list too, so you can track their wealth and inventory the same way.
8.2 Deleting an Ownership
To remove an ownership, use the "Delete Wealth & Inventory" button and confirm. You can always create a fresh (empty) ownership later if you change your mind.
Unassigned Ownerships
If a character you had an ownership for is no longer assigned to you, that ownership appears in a red "Unassigned Ownerships" section. These usually can be safely deleted with the same button to tidy up.